The NSE 20 share index closed yesterday’s trading session at 3,579.57 points, 1.76 points down from the previous day’s close of 3,581.33 points. This is the first time in two weeks that the 20-share index has fallen from its value the previous day.
The shares to watch today include:
Kenya Airways: The share continues to be one to watch because of its ongoing rights issue.
Kenya Reinsurance Corporation: the company released its financial report for the period ended December 31st 2011 and announced a profit of KES 2.036 billion. This is 24% higher than the profit it reported over a similar period the previous year. It will be worthwhile to observe the effect this will have on the performance of the share.
Standard Chartered Bank: The bank announced that it is planning to have a rights issue to increase its authorised share capital (read more on that story here). Such an announcement will have a bearing on the share, with an increase in the share price.
Crown Berger: for the second day running the counter was observed to be among the highest gainers, it will be worthwhile to see how much higher the stock can go and perhaps hypothesise on the reason for this increase.
Mumias Sugar: Following strong trading last week whereby the share was consistently among the top gainers, the share was yesterday’s biggest loser, down 9.52% and it is interesting to observe if the share will bounce back from the dip or begin to lose value following the massive price drop yesterday.
Housing Finance: yesterday the company released its first quarter financial results reporting an 11% increase in profits. It will be worthwhile to observe the effect this will have on the performance of the share.